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October 25, 2016 News
New study shows intellectual property is good for the European economy
EUIPO and EPO today published their second EU-wide edition study...
The European Union Intellectual Property Office (EUIPO) and the European Patent Office (EPO) today published their second EU-wide edition study on the contribution of Intellectual Property Rights (IPR) to the European economy in terms of GDP, employment, wages and trade.
This present study is the first update since the original report was published in 2013.
The report finds that more than 42% of total economic activity in the EU (some €5.7 trillion annually) is generated by IPR-intensive industries, and approximately 38% of all employment in the EU (82 million jobs) stems from such industries that have a higher than average use of IP rights. The report also finds that average wages in IPR-intensive industries are more than 46% higher than in other industries. These industries also appear to have shown more resilience in the face of the economic crisis.